The U.S. Senate has passed a new bill that could bring big changes to the world of cryptocurrency. It’s called the GENIUS Act, and it creates the first-ever federal rules for stablecoins — digital tokens that are supposed to stay equal in value to the U.

The Senate is voting on legislation regulating a form of cryptocurrency called stablecoins. The bill is the first in what’s expected to be a wave of crypto-friendly legislation in Congress following the industry’s heavy spending in last year’s election.

The crypto industry has long pushed for lawmakers to pass legislation creating rules for digital assets, arguing that a clear framework could enable stablecoins to become more wid